The Greenfield Recreation Club, a well-known community hub in the city, has been operating for over 25 years. Besides sports facilities and hobby…

The Greenfield Recreation Club, a well-known community hub in the city, has been operating for over 25 years. Besides sports facilities and hobby classes, the club runs a dedicated public library for its members. Over the years, the library has grown into a quiet learning space where adults, students, and retirees gather for reading, research, and social interaction. Recently, the club noticed a steady rise in library usage, especially after it introduced digital reading corners and weekend storytelling sessions for kids. As a result, the committee has decided to review the financial performance of the library to ensure it remains sustainable while continuing to serve the community. To support the library, the club follows a long-standing policy of offering an annual subsidy of up to 6 per club member, drawn from the general funds. This subsidy can cover maintenance, utilities, and book purchases when necessary. However, with rising costs and increasing expectations, the club now wants to re-evaluate whether this subsidy is sufficient and whether the library is being managed efficiently. The management provides the following operational details for the current year: The club has 4,800 active members, out of which 1,200 have opted for the library membership.Each library member pays a monthly fee of 110, which supports routine expenses.To encourage timely book returns, the library imposes a fine of 2 per book per day.On average, 450 books are returned late per month, each delayed by around 6 days.Due to increasing member engagement, late returns have slowly increased, indicating heavy circulation of books. The library's book collection includes: 60,000 old books, requiring routine repairs, dusting, rebinding, and pest control.These activities cost about 15 per book per year.To stay updated with current releases and replace damaged copies, the library purchases 1,000 new books annually at a cost of 320 per book. To manage daily operations smoothly, the library employs: 1 Librarian earning - 12,000 per month3 Assistant Librarians, each earning - 8,000 per month1 Clerk earning - 5,000 per month These employees handle catalogue management, member services, issuing and returning books, event coordination, and stock upkeep. You are required to answer the following questions (MCQ 6 to 10):